You’ll need to present your lender with a clear, reasonable plan that could work to resolve the debts you owe. Remember that it’s better to present some kind of repayment strategy, even if you think there’s little chance of success – taking no action throughout the process could give your lender the legal upper hand.

Starting a written dialogue with the mortgage provider will at least buy you more time if nothing else. You will need to keep copies of all the letters like these that you send to your lender as well as everything they send you. It’s tempting to think that a few phone calls can be a shortcut for you, but you’re going to want to generate a paper trail that you can show in court if necessary.

You’ll need to start by contacting your lender. Look at the last mortgage statement or letter you received from your lender to get the correct address and the name of the person or division of people handling your loan. Keep the tone of your letters kind but formal.

Tell them in your own words a summary of why you’re behind on the mortgage payments and how you’d like to make up the payments. You may find it useful to include an optimistic statement about how your financial matters will eventually improve due to your plan to, for example, increase your income, receive insurance benefits, get government financial assistance, or take out another type of secured loan.

You’ll need to put together evidence that you can resolve your mortgage problems and pay back the money owed to your lender. Contact your local county court and ask about how to get free legal action and representation for your repossession hearing, which is available in most major county courts.

To prepare for your hearing, it’s time to get together all the papers that support your claims to keep the property. If you have written a few letters to the lender trying to renegotiate your mortgage, bring copies of those letters with you to court as evidence that you’ve been cooperating. Bring all of your financial statements, the defence form, and proof of any benefits claims you’ve made with you to court.

Now, before you write your brilliant action plan to your lender, you need to have a legitimate plan that could actually work. This part seems like the hardest bit, but don’t panic yet. Go through this checklist to see if any of these options could work for you:
– Work out your monthly budget
– Search for a cheaper mortgage with a different agency
– Research a temporary break in payments
– Shared ownership scheme

The length of time it takes to repossess a house depends on how you communicate with your lender and the strength of your negotiations. Normally, a possession order will not be issued before you’ve missed six months of mortgage payments. From receiving the possession order to having your home repossessed, it could take months, with court hearings and written negotiations potentially lengthening this.

If you’re wondering how long you’ve got before your property is repossessed, please contact our experts, who will be happy to provide you with further information.

An appeal can only be submitted once a decision has been made in court. Appeals cannot be made to the same court and need to be escalated, so this isn’t the most common process of stopping repossession.

If your court hearing did not go very well and the repossession order was issued, there are still many different steps that you can take.

Ask a legal adviser if your circumstances qualify you to file for a new order to keep your home. You may be able to suspend the possession order or appeal to another judge. Failing this, try again to make a new financial agreement with your lender. They can renegotiate your terms and repeal the repossession order, even up until the day of eviction.

In some circumstances, it may work out better to sell the property to stop a repossession. However, we would advise that you contact one of our experts today to understand all of the options that are available to you and then make the decision that works best for you.

Yes, it is possible to get a mortgage after a home repossession. However, the process is more complicated and requires you to prove that your financial situation has improved since the repossession of the property. You may need to provide proof of steady employment and income, as well as evidence that you can make timely payments on your mortgage. In addition, lenders will likely require a larger down payment than usual in order to offset potential risks.

Other than aiding property owners in stopping repossession of their property in the UK, we provide an array of financial services, such as, clearing bridging loans, and unwanted debts, clearing mortgage arrears, selling your home quickly, joint business funding, and financing for property developers and investment property. Speak to us for our specialist advice that is tailored to your financial and personal circumstances.

Typically, a possession order won’t be issued before you’ve missed six months of mortgage payments. After your first month of missed payments, your lender will send you a polite notice requiring you to pay. These will become more frequent as time goes on, especially if you don’t proactively contact your lender to start the negotiation process.

Investors looking to purchase properties that cannot have a standard or rather a normal mortgage secured on them until corrective work is completed can immensely benefit from bridging loans. This may include property without a kitchen, bathroom, old floors, walls etc. or property that needs doing up for some other reason.

Renovating properties increases their market value and overall valuation which as a result enables the investors to sell them for a profit. That way, they are able to repay the bridging loans as scheduled and also increase their chances of securing long-term finances.